#xrp #XRPRealityCheck #Xrp🔥🔥 #XRPGoal #XRPPredictions Ripple-backed Evernorth nears launch of publicly traded XRP treasury
Evernorth Holdings is progressing with its plan to launch a publicly traded XRP treasury vehicle on the Nasdaq by accumulating 388.7 million XRP.
$XRP $XRP $XRP Evernorth Holdings, a new Ripple-backed digital asset company, has reportedly amassed $1 billion worth of XRP tokens as part of its strategy to establish an XRP treasury.
As of Monday, Evernorth’s XRP
$2.66
holdings totaled 388.7 million tokens, according to data from digital asset analytics platform CryptoQuant.
With XRP trading above $2.60 at the time of publication, the company’s XRP holdings have surpassed the $1 billion mark — a significant milestone in XRP accumulation that came just days after Evernorth’s official debut on Oct. 20 as an institutional vehicle for XRP adoption.
Following Evernorth’s launch announcement last week, XRP surged by 8.6%, with its market capitalization adding around $13 billion, according to CoinGecko data.
Public launch plans
With $1 billion in XRP now in its treasury, Evernorth is moving closer to launching a publicly traded XRP treasury vehicle on the Nasdaq exchange under the ticker symbol XRPN, as CEO Asheesh Birla said last week.
